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Boomerang indicator system at

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  #141 (permalink)
Augusta, GA
Experience: Advanced
Platform: NT
Trading: ES, TF
Posts: 94 since Feb 2011
Thanks: 35 given, 20 received

Peaks, if its not too much trouble can you keep posting your BCT trades and or how you doing with it. I am considering the software. i dont know if we need to post a new thread for that in a different section.

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  #142 (permalink)
Munich, Germany
Experience: Intermediate
Platform: NinjaTrader
Broker: Dorman/Rithmic
Trading: NQ, CC, ZN, ZB, ZF
Posts: 19 since Mar 2010
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I would second this request - more BCS-trades would be great! Thanks for all your work!

Many greetings,

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  #143 (permalink)
San Diego
Experience: Intermediate
Platform: Ninja, TraderStation
Trading: Beans, Crude, Euro
Posts: 1 since Jul 2010
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Looks like Adam at Indicator Warehouse has had enough of Apu or Mohan or what ever this guy's name is as IW is no longer an outlet for BCT.

It was only a matter of time as I think Adam is a pretty straight shooter -

This guy refuses to trade live and even when he's reviewing historical it's amazing how many losing setups just don't make it to the spotlight and are flat skipped right over.

If I'm not mistaken "Mohan" tried some collabrative effort with something called 21st Century Investors and had pretty much the same outcome.

I remember how frustrated Ray Burke ( IW's resident live day trader ) got with trying to trade this system live and after repetitive losses you could just feel the fear in his voice as he nixed the next current trade setup over some subjective "It doesn't feel right" - Well Ray, you were right.

This guy ( "Mohan") is always harping about how he has the "BEST" reputation in this industry .......... and I've got a bridge for sale - step right up!

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  #144 (permalink)
Philadelphia, pennsylvania
Experience: Beginner
Platform: Tradestation
Trading: stocks
Posts: 20 since Dec 2011
Thanks: 3 given, 24 received

the boomerang i looked at before it is just a moving ave cross believe it was something like 8/18ema..then the force index is a plot of the 44sma vs price above basically if you want to duplicate it make a chart that has entries based on a 3ma cross of 9/18/44..

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  #145 (permalink)
Dallas, TX
Experience: Intermediate
Platform: NinjaTrader, IB
Trading: GC, CL, ZS
Posts: 14 since May 2013
Thanks: 5 given, 41 received

I have the original Boomerang trader, have used it for several years, and was considering whether to upgrade to the new version. Have not been able to get any real information from Mohan about what the differences are, so am not sure it's worth throwing another $1000 at it to get some small additional functionality.

The problem I have with Mohans' "system" in particular is the very limited risk to reward that he aims for. First of all, trying to trade 6E during the day trading session is pretty much a waste of time. Almost all the major moves are now made overnight, and all you get are crumbs during the day. Trading for 8 ticks while risking at least 8 or more is also counter-intuitive. 8 ticks is random noise, most of the time. Same for ES trades of 3-4 points. When the ES is running 20-30 points on some days, scalping for that small amount is very risky, I think.

The key to making Boomerang work is watching it on different time frames. For beans, I look at 7Range, 13Range and 20Range. For Gold, it's 7R, 13R and 30R. If you're in a big trending move, down for example, in gold, you need to be watching the 30R to see when the move really stops. On a 13R or 20R chart, you'll get a Boomerang buy signal as the downtrend nears its end, get a small rally, get a new divergent low, and that's what you need to be buying. So, in many cases, particularly in a strong trending market, a Boomerang signal is a signal not to buy or sell at the signal, but to buy or sell the next new high or low. It's very counterintuitive, because you'll often get the rally off that first signal, but it will usually fail, and then make a new low, and THAT'S the low you want to be buying. Using a Divergence indicator such as D3 helps a lot in seeing these. The QQE also is helpful.

But other times, all the time frames line up, you get a Boomerang buy signal, and away it goes, with no retracement, no divergent lows, nothing. So the setups are not very consistent, I have to say. You can get a perfect 20Range sell signal in an uptrending market, and it gets steamrollered after a $2 pullback in GC, as the 30Range indicators are not ready to turn around yet. Sure, you can sell based on the Boomerang signal, and it will pull back $2-3, but then take out the highs and get a new buy signal there. So you'll either take the $3 loss and be done, or try to reverse and hope that the momentum on the new buy will get you enough return to offset the $3 loss you just took. Sometimes that buy signal just kicks it up to a new high by a few ticks, and then it fails, with a new sell signal, so you get double chopped.

So it can be very ambiguous, and does not give consistent indications, by itself. With other indicators, it can be more useful. Now perhaps for what Mohan does with 450Tick charts, or 4 Range on the ES, 8 ticks in the Euro or 2-4 points in the ES is all the momentum that the indicator can be relied upon to give on those charts.

Generally, if you wait for a QQE or MACD change on a longer term chart, such as a 20R or 30R to establish the new trend, and then take boomerang signals with that trend, you'll do fairly well. Using it to try to catch real trend changes, particularly on a short term chart, will chop you up severely.

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  #146 (permalink)
Dallas, TX
Experience: Intermediate
Platform: NinjaTrader, IB
Trading: GC, CL, ZS
Posts: 14 since May 2013
Thanks: 5 given, 41 received

I did end up getting the new version of Boomerang, and the methodology is OK. As mentioned, Mohan conducts recaps of various days trading, and it all appears very straightforward. The setup is on the 450 Tick chart on the NQ, with a target of 12 ticks, and a stop of 10 ticks. The problem is, as mentioned, Mohan only does this in historical mode. And in historical mode, all the trades work great. Just like Stochastics, or MACD. The problem is, that in real time, you'll get indications of a trend change, that then disappears after you get in. So there is some repainting going on, that makes it difficult to make those historical trades in real time. Sometimes, depending on when you enter, you might only get to 8 or 10 ticks, before the momentum dies and it turns around. Of course, other times, as longer term time frames transition in the new direction, you might get in, get your 12 ticks (3 points), and then the moves goes on for 7, 10 or even 15 points, and you're sitting there watching it go without you.

An ATM setup of 4 lots, with 10-12 ticks on the 1st 2 or 3 lots, and then leaving the 4th lot as a runner with a break even stop, can work well for catching larger moves. What's a bit aggravating is that the setups rely on looking at some things that are judgement calls, such as how much distance there is between the Dynamic Trend Bands, how steep the bias line is, etc. All that kind of thing is easy to do when looking back at the chart, not so easy to do when trading in real time. I'm not sure why they couldn't include all those other things to look at in the logic, and just provide a unequivocal buy or sell signal when all the conditions are met. Has anyone ever looked at programming the setup rules into an autotrader setup?

They did start an AutoTrader account system using the BDT system starting this month. I tried to get in, but they already had enough accounts that filled it up (pretty quickly). Am not sure what their results are yet. They were projecting about $9400 per month on a 4 lot, requiring $12000 margin, and charging $500 per month and $8 commissions.

Finally, is anyone trading the boomerang day trader (new version) on the NQ live, and be interesting in Skyping to look at the trade setups. I'm still front-running or anticipating the signals too much, and end up taking false signals, or getting (and staying) in losing positions. Would be helpful to have a consensus in real time of what the real signals are.


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  #147 (permalink)
Dallas, TX
Experience: Intermediate
Platform: NinjaTrader, IB
Trading: GC, CL, ZS
Posts: 14 since May 2013
Thanks: 5 given, 41 received

Hello all - I wanted to update you all on Mohan's Trading Room and AutoTrade Account. In a phrase - STAY FAR FAR AWAY from the room and the AutoTrade account. The Boomerang system itself is great, if you follow the indicators. Learn to trade it yourself.

But he is clueless and arrogant. He doesn't follow his own system, just takes pot shots at the market. The Boomerang AutoTrade account was only in profit 1 day, then in 9 trading days, lost over 18% of the trading account. Then today he supposedly retooled his approach, going to have the autotrade account now take all his trades (Boomerang, scalps, what he calls ricochet trades - basically top and bottom picking) and have smaller stops. Instead, today, the 1st day of that approach, he's had stopouts of 5 points, 7 points and another 7-8 points, always stopping out right near the top or bottom of the move, just as he's been doing for the past 2 weeks. He will repeatedly hold a trade to a 7 point stopout, then reenter right at the point of the stopout, and then sit through another, smaller drawdown, before perhaps getting something out of it.

He's usually talking a bunch of junk first thing in the morning for 20-30 minutes, so usually misses the move off the open or pre-open. Then he's trading into the midday slop, after the big trends are gone, trying to make a big trade out of chop. Then he gives up at 2:30 eastern or so, doing his wrapup, missing good moves that often happen in the last 60-90 minutes. Doesn't trade days with rollovers, option expirations, FOMC reports, various other things. So often doesn't trade 25% of trading days in a month, because of all these "market conditions".

Today in the room and the account, there are 4 losers out of 7 trades, total loss of 15 points or so. The last trade he missed his 5 or 6 point target by 1 tick, now let it go all the back to the entry and scratched it, so 5 out of 7 losing trades today, for 15 points loss at least. No trade management, criminal to get 5 points, a tick or two away from your arbitrary target, and then let it go back right to break even. He scratched the trade right at the point you actually should be shorting again, and right at the top of the little rally to his Dynamic Trend Band, as soon as he scratched the trade, at literally the high tick, just like any newbie. Now it's dropped 5 points already, starting a new downtrend. That's 80% accuracy? That's a great trader, or a great trading room? Trade management?

Here are the trades called out today, 3/20/2014 -
1 short at 3681, I think - 5 point loser
1 short at 3686.50: 3689.50 high, low at 3678 - 6.5 point winner, taken off at 3680.
1 long at 3680.50: 3682.75 high, low at 3763.75 - 4.25 point loser, taken off at 3676.25
1 long at 3681: 3685.50 high, low at 3678.50 - 3 point winner, taken off at 3684
1 short at 3682.75: 3693.25 high, low at 3682.75 - 7 point or more loser. Taken off at around 3690
1 short at 3689.75 to 3691 area - 3697.75 high, 3689.50 low, 6-8 point loser. Stopped out at high 3597.
1 short at 3695 - high at 3696, low at 3688.75 - Had 6 points, scratched at top of move, 3695, then started new downmove.

Total trades - 7
Losers / Scratches - 5: 71%
Total winners - 9.5 points
Total losers - 24 points
Total loss - 15.5 points

When a Boomerang stops out for 3 points, it's "just a small loss". When it makes 3 points, it's a big deal. His ricochet trade targets (basically top / bottom picking, looking for momentum changes) look for 5 to 10 points. When he gets 5 points, wow, you'd think he'd hit the lottery. Then a 7 point stopout, well, no big deal, "ninja warriors". If you were getting 80% accuracy, perhaps. But at 30%, you're doomed, as the track record below shows.

At the runup to the opening of the AutoTrade account and trading room, he touted 60-80% accuracy on his Boomerang trades, saying that $8000-9000 per month return was available on a 4 lot, $12,000 account trade. These are actual quotes from his emails and website:

Jan. 9, 2014 - Welcome to 2014 Boomerang Day Trader precision trading setups. 11 winning trades in a row on Boomerang for Tuesday and Wednesday..Jan.7th-8th.
11 winning trades in a losses...on Tues_Wed. Jan 7_8th - DayTradersAction's library

Dec. 12, 2013 In our simulated trading from 11/1-12/11 using the exact Core Boomerang Day Trader setup method/rules the gain was +$9434 on 4 NQ contracts . This was after all expenses mentioned above. These results must be considered hypothetical because they were done on a simulator as we began beta testing the program. Using Bills recommended $3000 margin per contract this would represent an excellent return of 80% after expenses for that first 23 session period. I expect we will be able to duplicate these or similar type of returns in real time as both of us are very long time experienced in trading but of course as you know we cannot make any guarantees or assurances.

Oct. 1, 2013 - Up to +80% winning trade setups in September using our very simple Core Trading method showing up to potential $18,465 after commission using just a $5K account? This was one of the choppiest trading months in years. Keep in mind that last months Boomerang Core Trading method showed up to +$24,845 in gains (hypethetical results based on using exact core method...see webinar and disclaimer below)

Here's the actual track record of the Boomerang trades, actual trades from my autotrade account for that period (winners are supposed to be 3 points, losers also 3, scratches usually for a tick or 2, but counted as a loss, due to commission, slippage, etc.):

3/3 - 5 short trades: 4 losers / 1 winner
3/4 - 3 short trades: 3 losers
3/5 - 1 long trade: - 1 winner
3/6 - No Trade
3/7 - 3 short trades: 2 loser / 1 winner
3/11 - 3 short trades: 1 loser / 2 winners (but for 1.75 to 2 points)
1 long trade: 1 winner
3/12 - 5 short trades: 3 losers / 1 winner / 1 scratch
3/13 - No Trade (he didn't trade because of rollover, there was a 80 POINT DOWNMOVE!)
3/14 - 1 short trade: 1 scratch
2 long trades: 1 winner/ 2 scratches (146 points of total market movement that day)
3/17 - 2 short trades: 1 loser / 1 winner (1.75-2 points)
1 long trade: 1 winner
3/18 - 4 short trades: 4 losers (against a 45 point trending upmove)

Trading days trading - 9

Total trades - 32
Total Winning trades - 10: 31.25% (some less than target)
Total Losing trades - 18: 56.25%
Total Scratches - 4: 12.5%

Total Short trades - 27: 84.38%
Total Winning short trades - 6: 22.22%
Total Losing / scratch short trades - 21: 77.78%

Total Long trades - 5: 15.62%
Total Winning long trades - 4: 80%
Total Losing long trades - 20%

Total loss on 4 lots - $2200, about 18% of equity

I was trading 4 lots, pulled back to 2 lots, and today it looks like it will be another $700 loss, or 7% loss on equity, after losing 8% in equity on 4 lots 2 days ago. If I had stayed at 4 lots today, it would have been a 14% loss in 1 day. It took him 9 days to lose 18%, now he lost 14% in 1 day. See a trend here - accelerating to the downside.

You can see from the track record (he refuses to provide a track record himself, "too busy") that an overwhelming majority of the trades are short trades, and that the overwhelming majority of them are losers. Right there, that inherent short bias, in a market that has lots of upside momentum, is crippling.

If you call him on his lack of ability to trade his own system (touted as having 80% accuracy on his website, it's now under 30%), he belittles anyone who disagrees with him or points out that his trading is bad, misses trades because he talks to much (and he repeats the same crap over and over again), takes 7 point stopouts on trades that he's only looking to make 3-5 points on, can't hold winning trades for larger amounts. Always fighting the larger trend, picking tops and bottoms WAY too early.

The frustrating thing is, the Boomerang system really does work. If you trade only in the directions of the Dynamic Trend Bands, buy when they cross over, or when price is above them on pullbacks, and stay in that long trade as long as they're going up and price stays above them and the red line, you can catch 10, 15, 20 point or larger moves. Once a move starts exhausting and prices drop below the DTBs, then you can short against them with low risk. Once they turn down, then just keep shorting against them and follow the downtrend. It really does work, but he's always front-running, sitting through big drawdowns, stopping out RIGHT where the move exhausts, and then reentering the trade again right where he got stopped out. For someone who has 20 years of experience trading, and has developed this good system, he is completely unable or unwilling to trade it himself. He trades like a neophyte, really. And every day, when he's losing trade after trade, well, today the market is "tricky", or "cowboys are rigging the market", excuse after excuse after excuse.

After a big stopout, it's "oops, sorry gang, guess I should have gotten out of it earlier". And when he's in a trade, he sets arbitrary targets that he "hopes" and "wishes" we'll get to, instead of either taking them off at obvious support / reaction points, and letting a trend trade run until a reverse signal is given (he says nobody can do that - BS, I know that it can be done, have seen someone do it, using Boomerang, QQEs, etc.). Often misses his target by 1 tick, then hangs on as Boomerang clearly shows a momentum shift back the other way, and will ride it back to break even, or even back into a loss.

A week ago, the NQ had a 19 point downmove, a 18 point upmove, a 29 point downmove, a 29 point upmove, and another 29 point downmove, with a late 11 point rally and another 10 point downmove into the close. That's 146 points on the major moves alone. He netted a total of 3 points on trades, most if not all of that eaten up with commissions & slippage. Is that really good trading, for someone who's supposedly been trading for 20 years and has this 80% accurate system?

Same thing on Wednesday - a 45 point upmove, yet he had 4 short Boomerang trades that were all losers, 12 points plus slippage & commisions. He fought the uptrend most of the day, because he was locked into his daily forecast prediction. All his indicators kept pointing up. but he ignored them. All you had to do was buy the market on the open when the Boomerang indicated going long, or on every pullback to his Dyanmic Trend Band line, and you would have made gobs of money. But he was too busy talking for the first 20 minutes, by which time the market was already up 20-30 points, then starts shorting. But of course, the market going up was just "cowboy riggers", not retail trade. Who cares? If the market is going up for whatever reason, don't fight, go with it. And that's what the Boomerang indicators showed. But no, let's fight the trend all day.

He complains that the market's different in 2014, and that the Boomerang trades are "more difficult" now. Personally, I think they are what they've always been. There's NO difference in the chart patterns between 2013 and 2014, or 2011 and 2012 to 2014, for that matter. I've watched them hundreds of hours, and see the same patterns over and over.

I think the real problem is that he's been always doing his tutorials on the Boomerang trades on his website, AFTER the trades are done. Hypothetical trading. Having watched the system myself for some time, it's easy to take a signal too soon, because it looks like it shows a trend change, then in the next bar, that indication disappears as prices move. That's basically the problem with almost every indicator, they're all based on past price movement, and to some extent or another, will repaint as price changes and change indications. I think in real time, he's obviously finding it a LOT more difficult to pick those trades out than it is when all price movement is over and done with.

Anyone can go back to a historical chart with indicators, whether they're stochastics, MACD, Boomerang, you name it, and say, here's where you'd get long and here's where you get short. That's why in the tutorials and testimonials, he boasts of 80% accuracy, or 10 winning trades in a row, because he sees which signals work and which don't, after they've happened and the bars are complete, with no repaints. And as soon as those indicators start to change, Mohan wants to rush in and take the trade, afraid that it will move without him.

But waiting until his DTB lines change color and then taking pullbacks to them gives you PLENTY of time to get in on the trend change, sometimes at a new high or new low. By then, he's gotten in too early, maybe gets 3-5 points out of it, and then is looking to reverse into a new trend that drops 10, 15, 20 or more points, and getting eaten alive.

I do believe the Boomerang system is a very good one, especially combined with other indicators, such as the QQE, D3 Divergence Spotter, perhaps an MACD-type indicator (I have 2 variations of them, called Bullseye and Wavetrend), and the usual stuff like Bollinger bands, ADXVMA, etc.

Maybe he'll turn it around. But after making a big deal about retooling the trading, today is as bad or worse than ever, with big net loss, big stopouts, and the usual excuses. After getting some points in the first week or two, he's just been flailing about, breaking even at best, and now losing larger and larger. Save the $250 a month he charges for this travesty, put it towards the program itself and learn it yourself, because it can be a good trading tool, if you really trade with it. He for some reason chooses not to, and the results show it. The emperor in his trading room and AutoTrade account is wearing no clothes.

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  #148 (permalink)
Chicago, IL
Experience: Advanced
Platform: Ninja
Broker: Ninja
Trading: ES, Ym, NQ, VTI, SPY, VXUS
Posts: 166 since Jan 2013
Thanks: 797 given, 313 received

I don't own his software and I really don't know much about Mohan....but I took a 2 day free trial in his trade room a few weeks back. I lasted an hour. 2 thing I remember from my brief time in the chat room.

He said that in the history of the stock market, no one has been more correct than him. This was referring to his Daily Directional forecast.

He then went off about the New World order with Russian and China etc.....he lost me there and I checked out.

I have been in the Futures business since 1987. I never was exposed to the 'trading education industry' until the past 1-1/2 year. A lot of bizarre people.

Buyer beware!

The Market is Smarter than You Are
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  #149 (permalink)
Dallas, TX
Experience: Intermediate
Platform: NinjaTrader, IB
Trading: GC, CL, ZS
Posts: 14 since May 2013
Thanks: 5 given, 41 received

Well, a big milestone today for Mohan. A new high loss, and the complete wipeout of the original equity stake!

Since March 20, Mohan changed the AutoTrade accounts from trading the Boomerang trades, to taking all the trades. Now, starting on Feb. 18, trading 4 lots on a $12,000 account, by March 19, 1 month later, Mohan had lost about $2400, trading 4 lots using Boomerang. Now remember, this is a system that's supposedly 80% accurate, and he projected an $8000-9000 return per month trading only Boomerang trades (which have a target of 3 points, and a stop loss of 2.5 points). So, in one month, a 20% drawdown.

But it gets better! Starting March 20, the trading accounts started taking all the trades that he called out in the room. On March 20 ALONE, he lost 15-16 points, knocking the account down a good $1400 in 1 day (fortunately, I had stopped the trading in the account before then!).

Since then, the results have been:

3/24 - about

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  #150 (permalink)
Dallas, TX
Experience: Intermediate
Platform: NinjaTrader, IB
Trading: GC, CL, ZS
Posts: 14 since May 2013
Thanks: 5 given, 41 received

Sorry, posted an incomplete post.

Well, a big milestone today for Mohan. A new high loss, and the complete wipeout of the original equity stake!

Since March 20, Mohan changed the AutoTrade accounts from trading the Boomerang trades, to taking all the trades. Now, starting on Feb. 18, trading 4 lots on a $12,000 account, by March 19, 1 month later, Mohan had lost about $2400, trading 4 lots using Boomerang. Now remember, this is a system that's supposedly 80% accurate, and he projected an $8000-9000 return per month trading only Boomerang trades (which have a target of 3 points, and a stop loss of 2.5 points). So, in one month, a 20% drawdown.

But it gets better! Starting March 20, the trading accounts started taking all the trades that he called out in the room. On March 20 ALONE, he lost 15-16 points, knocking the account down a good $1400 in 1 day (fortunately, I had stopped the trading in the account before then!).

Since then, the results have been:

3/24: about 15 point loss
3/25: -8.25 loss
3/26: -11.50 point loss
3/27: +13 point gain - BUT - there were 36 trades, so in the trading account, there was $1152 commissions vs. $1040 of gain. Overall, a $112 loss!
3/28: -16 point loss (he mentioned 126 round turns? - perhaps on 4 lots. Still, a lot of churning)
3/31: 11 point gain
4/1: -26 point loss (!)
4/2: +9 point gain
4/3: -29.50 point loss.

That's a net loss of 86.25 points in 9 trading days. At this point, had one continued trading 4 lots in their $12,000 account (not that you could, since you wouldn't have the margin for it), he's basically traded it down to $0. Yes, $12,000 of losses with commissions in about 6 weeks, with the majority of the losses being made in only about 11 trading days, or 2 weeks. (over 100 points net loss, so over $8000 on a 4 lot, plus probably $2000 or even $3000 in commissions).

I truly don't believe Mohan has ever traded live before this. He says he traded a hedge fund for years, but no hedge fund would allow this type of reckless trading against the person's own system. He's learning as he goes, making most of the rookie mistakes I've seen (and made myself). Trading at round numbers? Repeatedly exiting on the high / low of the move? Jumping right back in at his exit? Letting profitable trades turn into losers and stopping out? So, he's learning on everybody else's dime.

He's "retooled" at least 4 or 5 times now, each time he says he sees what he's doing wrong (supposedly he's a market "expert" with 20 years experience), and then goes on to rack up bigger and bigger losses.

He's incapable of staying in a trend trade. Let's say he gets into a long trade, near the bottom, when the indicators turn. If it's a true trend change, it could go up 10, 15, 20 or 30 or even more points. He gets out at 4 points profit. Then, the only thing he can be looking at now is going the other way and getting short. Once you've gotten a low entry, it is VERY difficult to just buy into the trend, even on a pullback (because that looks like weakness, and a setup for a short). So, during the 15 point runup say, after the 1 4-point winner, he's most likely to take at least 1 short, or maybe 2, that fail. There goes the profit on the long trade, now 2 losses against the 1 winner.

And like a gambling addict, Mohan is addicted to the action. He can't sit through most trades for any length of time (unless it's losing, I know that feeling, rather than just cut a losing trade short when the indicators turn, he lets it run all the way to a max stopout, HOPING to get back to break even, or a profit), , can't let a winner run NOR can he stay out of the market until a real signal is generated. Therefore he takes trades out of boredom, or continually trying to show HE knows what the market's going to do, or feels he has to keep the action going for his audience, and takes signals very prematurely, or against a big trend, and not only loses, but loses what he could have been making on the original long, keeping a part of the trade in the bigger trend. But no he says to me, NOBODY trades that way. REALLY? I've heard him admit Larry Williams trades that way. Richard Dennis traded that way. Sure, day traders are limited to what the market gives them in a day. But there are many big trending moves every day in these markets, and he's shown he's absolutely incapable of staying in them. He's always fighting the trend much too early.

Staggering. For a "professional trader" with "20 years experience in the market"? Essentially nothing but net losing days since 3/20. And supposedly using a system that's 80% accurate (but he doesn't follow the system at all).

And, he has nothing but excuses. Like a poor workman blames his tools, a poor trader blames the market, blames his indicators, blames the riggers, blames everyone except himself. Every day, it's "I've never seen a market like this before". He says that most every day. Or it's a "crazy market" (because it's going against you, pal). And then he complains again and again about "the riggers" (again, who CARES if they're rigging market? Go WITH them!), and also said he's never seen a market like this before, can't figure out what reason there is to be bullish. Who cares what the reason is? Go with the flow.

He keeps telling everyone to read the Mark Douglas book, "Trading in the Zone". Everything he does is so far removed from what Mark Douglas writes, it's funny, if it wasn't pathetic. Mohan could write his own book, "Trading in the Losing Zone".

It's a shame, it's so frustrating, because the Boomerang indicators can work well, especially in conjunction with other indicators, some of them from Big Mike's. And he's just now figuring out what he's doing wrong - right! Says he has to look at the longer time frames. Duh! You've been supposedly trading for 20 years, and you're just now figuring that out?

When I wrote him and said that on a day when there was 150 to 200 points of large tradable moves in the NQ, and he only netted 3 points, this was his response:

" I think your disappointment stems from seeing large swings in the market and thinking somehow that you or someone is supposed to catch those each day. That is the illusion of trading. There is no such person or such method that does. That I have been in the trading industry a long time and that is the ILLUSION of the markets. I have never seen anyone do what you are describing here. But new traders think that is “what is supposed” to happen. I follow a very specific method for trading and so far my Day Traders Action live room has accumulated more points than any room or trading system I have ever seen."

A net loss of 100 points in 11 trading days, and the room has accumulated more points than any other room or trading system? How bad are the other rooms! Ha!

The only ILLUSION of the Markets is that Mohan thinks he can trade. As he's conclusively showing in the past 2 weeks, he has no clue on how to trade live. Actually, one could take the other side of all his trades, and do pretty darn good. I did that for a day, took trades right where he stopped out, and did pretty well.

Stay far far away, unless you want to go broke quickly. Or, if you need some humor, get a free trial and watch some truly hapless trading. Thank god I stopped the trading on March 19, before his death spiral.

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